The most obvious difference to EGR's retracement vs TLG's and NVX's is the amount of attention from short sellers. The below charts are a great illustration of this:
EGR
NVX
TLG
The shorting of EGR stock commenced on 4th February, the very same day that we announced that we would be pursuing US listing on the OTCQX ('European trading and US listing for EcoGraf'). Is this a coincidence? I very much doubt it.
I can see the correlation that @Surfguy has pointed out, and I certainly don't disagree with it, however, when you scratch beneath the surface of the charts there is evidently a lot more at play than our chart mirroring our peers'.
DYOR. The above is only my opinion.
EGR Chart, page-1617
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $24.32K | 232.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 40549 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| EGR (ASX) Chart |